Weekly Summary: TPOW Performance for Week Ending 1/17/2025
For the week ending January 17, 2025, the Top Pick of the Week (TPOW) strategy selected Aurora Innovation Inc. (AUR). The stock was purchased on Monday at $6.78 and sold on Friday at $6.80, resulting in a modest gain of $0.02 per share, or approximately 0.29%.
The broader market, as measured by the S&P 500 Fund (SPY), performed strongly, closing the week at $597.58, marking a solid gain for the week. This highlights the momentum seen across the market, although AUR’s performance lagged somewhat compared to the index.
Member David M. noted that purchasing the TPOW on Tuesday mornings has resulted in lower buy prices 71% of the time since the strategy’s inception. While this observation may offer a potential refinement, the key focus of TPOW remains identifying high-momentum stocks with high volume that are primed for a breakout. Members are encouraged to use their judgment on when to buy and sell. For instance, AUR was up over 5% midday on Friday but closed with just a 0.29% gain for the week.
If you can lock in a gain, it’s always wise to take it. However, at Above the Green Line, we will consistently measure performance using the Monday open and Friday close to ensure there is no confusion about buy and sell prices.
Since the strategy’s inception on October 7, 2024, the cumulative performance of TPOW selections has been impressive, with 15 trades collectively up by 49.4%. In comparison, the S&P 500 Fund (SPY) has increased by 4.95% over the same period.
The TPOW strategy continues to demonstrate its effectiveness in identifying short-term trading opportunities while providing a clear framework for members to follow.
